VERSES AI Inc. announced a C$10M non-brokered private placement of special warrants, closing the first tranche at C$7M.

VERSES AI Inc. announced a non-brokered private placement of special warrants for gross proceeds of up to C$10M, selling 10M Units at C$1/unit. The company closed the first tranche of the private placement, raising C$7M from the sale of 7M units. Each special warrant will convert into one unit of the company at no additional cost upon meeting specified conditions.